Gas Prices Top $4 In Two Metro Areas


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Once they top $4 can $5 be far behind.

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Gas Prices Top $4 In Two Metro Areas
2 Weeks Time Brings 17-Cent Gas Price Climb

POSTED: 7:12 am CDT May 19, 2008
UPDATED: 9:53 am CDT May 19, 2008

CAMARILLO, Calif. -- Gas prices have climbed big-time.

A nationwide survey found that the average for self-serve regular has climbed 17 cents from two weeks ago to $3.79 a gallon.

Analyst Trilby Lundberg said that's 61 cents higher than it was about a year ago.

Lundberg said for the first time, the average price for regular has topped $4 in two metropolitan areas.

It's $4.07 a gallon in Chicago, which had the nation's highest average price, and $4.01 on New York's Long Island.

The analyst said the national average for regular could reach $4.00 or more in a few weeks.

Of the cities surveyed, the cheapest price was in Tucson, Ariz., where a gallon of regular cost $3.48 on average.

Oil prices rose Monday on the news of $4-a-gallon gas.

Investors brushed off news of increased production from Saudi Arabia on Friday, the same day oil prices punched through another per-barrel trading record.

The world's leading oil producer promised an additional 300,000 barrels of crude a day as President George W. Bush wrapped up a meeting Friday with Saudi Arabia's King Abdullah.

But that and the U.S. move to temporarily stop filling government stockpiles did little to restrain soaring prices.

This will not end well. I'm guessing the prices will peak within the next 4-12 weeks somewhere near $5 then move back down to the $3.50 to $4 range. Then, just like the last time gas prices climbed quickly, everyone will breathe a sigh of relief and claim that at least the price is now low enough to live with.

People can talk themselves into accepting that level without a problem. They will never suspect, will probably deny it is possible, how they have been manipulated.

That's my pair of cents worth less than the metal it takes to make them.:Poep:
yes here are the days when the gas goes down to 3.50 a gallon... that is cheap... cheap? what the heck are people smoking?

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